Welcome to our dedicated page for Kroger news (Ticker: KR), a resource for investors and traders seeking the latest updates and insights on Kroger stock.
The Kroger Co. (NYSE: KR) is a premier retail giant and one of the largest grocery retailers in the United States. With more than 2,425 supermarkets and multi-department stores spanning across 31 states, Kroger operates under a wide array of local banner names including Kroger, City Market, Dillon's, Jay C, Food 4 Less, Fred Meyer, Fry's, King Soopers, QFC, Ralphs, and Smith's. Additionally, the company boasts 789 convenience stores, 337 fine jewelry stores, 1,109 supermarket fuel centers, and 38 food processing plants in the U.S.
Kroger is not just about grocery retailing. It offers a diversified portfolio of services and products, including 80+ “The Little Clinic” retail healthcare sites, pharmacies in 80% of its locations, and fuel stations at 60% of its stores. Kroger's private-label products contribute significantly to its revenue, with around 30% of units produced in-house in its 33 food production plants.
The company is recognized for its commitment to the community and social responsibility. It supports numerous initiatives such as hunger relief, breast cancer awareness, military family support, and more than 30,000 schools and grassroots organizations. Kroger contributes food and funds equal to 160 million meals annually through its partnerships with over 80 Feeding America food banks.
Financially, Kroger has maintained robust performance, evidenced by its 2023 fiscal year results. Total company sales reached $150.0 billion, including $2.7 billion from the 53rd week. The company also continues to innovate and expand, as seen in its recent launch of MCoBeauty in the U.S., exclusive to Kroger stores.
Kroger's strategy for growth includes leveraging its “Leading with Fresh” and “Accelerating with Digital” platforms. The company is continually investing in its seamless shopping experience, digital innovation, and associate welfare, aiming to create a sustainable growth model. Recent initiatives include the sale of its specialty pharmacy business to CarelonRx and the introduction of SDS for HD, a coastal living home décor collection in collaboration with Bravo Reality Personality Craig Conover.
Furthermore, Kroger's proposed merger with Albertsons aims to expand its market reach, bringing even more choices and lower prices to consumers while securing the long-term future of unionized grocery jobs. The merger is expected to enhance competition, increase local product offerings, and maintain job security for frontline associates.
To stay updated on Kroger’s latest financial performance, growth strategies, and community initiatives, visit Kroger’s newsroom and investor relations site.
The Kroger Co. (NYSE: KR) unveils a Father's Day gift guide, offering a variety of thoughtful and convenient gifts for dads.
The guide includes options like the Boost by Kroger Plus Membership, prepared meals, beverages, an outdoor grilling bundle, and an adventure summer pack.
Kroger's vice president of Center Store Merchandising, Carlo Baldan, highlights the aim of celebrating dads with heartfelt gestures rather than just gifts. Additionally, Kroger offers digital coupons for various savings, including 4X Fuel Points on gift card purchases from June 5-18 and on greeting card purchases from June 14-28.
Customers can shop these items in-store, online, or through Kroger Pickup and Delivery. The Boost membership offers significant savings on fuel and grocery delivery, with a free 30-day trial available.
Kroger has been named one of America's most visible and trusted companies in the 2024 Axios Harris Poll 100. The poll evaluates companies based on ethics, trust, vision, and products and services. Kroger's ongoing commitment to its Zero Hunger | Zero Waste plan has provided $1.5 billion to hunger relief and rescued 696 million pounds of surplus fresh food. The company is also recognized for its industry-leading benefits and inclusivity, earning accolades from various organizations. Its proposed merger with Albertsons aims to deliver lower prices, more choices, and stable employment, further benefiting associates, customers, and communities.
Kroger Health, the healthcare arm of The Kroger Co. (NYSE: KR), announced the Nourishing Change Conference scheduled for July 15-17, 2024, in Cincinnati. This event aims to explore nutrition, technology, and health innovations to improve community well-being. Key themes include tackling health inequities with technology, addressing nutrition gaps, and managing weight and diabetes. The conference features networking events, panel discussions, and an emerging brands competition. Keynote speaker Padma Lakshmi, a notable television host and food expert, will also address the attendees. Registration is open to the public.
Kroger (NYSE: KR) celebrates National Pet Month by introducing new Abound pet food products with redesigned packaging. The new Abound line features premium, nutrient-dense ingredients, including meat, poultry, and fish as primary components. New products include Abound Wild Beginnings Beef Venison & Lamb Adult Dry Dog Food and Abound Pro + Sensitive Skin & Stomach Dry Cat Food, among others. These products are available in-store and online through Kroger Pickup and Delivery, with savings opportunities like the Boost membership offering up to $1,000 annual savings on fuel and grocery delivery.
Additionally, Kroger Family of Companies Rewards World Elite Mastercard® cardmembers can redeem exclusive offers like a free one-year Boost membership extension. Kroger emphasizes providing high-quality pet food at low prices, ensuring accessible nutrition for pets.
Kroger announced convenient and customizable party solutions for grad season. The retailer offers catering options such as custom cakes, sushi trays, deli meat and cheese platters, salads, fruits, veggies, and more. Customers can personalize graduation cakes and use Kroger’s cake calculator to find the perfect size. Party trays include fresh fruit, veggie trays, gourmet cheese packs, pretzel bites, and charcuterie with spinach artichoke dip. Kroger also provides grilling staples, sides, appetizers, drinks, and party supplies. Customers can shop these items in-store or via Kroger Pickup and Delivery, with additional savings through the Boost membership. Eligible customers can try Boost for free for 30 days, with savings on fuel and grocery delivery. Kroger Rewards World Elite Mastercard cardmembers can get a free one-year Boost membership.
Kroger is celebrating Memorial Day by offering a grilling bundle at locked-in-low prices, starting at $4 per person.
The bundle includes essentials like hamburger patties, cheese, buns, condiments, baked beans, chips, salad, and sugar cookies.
Kroger has hired over 50,000 veterans in the past decade and is the largest cumulative donor to the USO.
The retailer also offers savings on various summer items such as hot dogs, pork spareribs, brownies, and more.
Customers can find further discounts online, in-store, or via the Kroger app and can save up to $1,000 annually with the Boost by Kroger Plus membership.
Kroger Rewards World Elite Mastercard holders can get a free one-year Boost membership or a one-year extension.
The Kroger Co. (NYSE: KR) announced its seasonal eating guide, highlighting fresh fruits, vegetables, and greens available for spring and summer. Customers can enjoy in-season items like strawberries, pineapples, asparagus, and kale. Kroger offers fresh-cut produce, ready-to-eat meals, and numerous recipes for the season. The retailer promotes its OptUP nutrition rating system accessible via app or website, helping customers make healthier choices. Additionally, Kroger supports food and OTC benefit cards, enhancing affordability for eligible purchasers. Boost by Kroger Plus offers significant savings on groceries and fuel, with a free trial available.
Kroger Health is expanding its senior-focused primary care services through a collaboration with Better Health Group. Starting May 14, 2024, these services will be available at eight locations of The Little Clinic in Atlanta, Georgia. This initiative aims to address the growing healthcare needs of seniors, particularly in medically underserved counties. The services include annual wellness visits, preventive care, disease management, personalized care plans, and access to Kroger Health's additional services like nutrition counseling and comprehensive medication reviews. This effort primarily targets Medicare Advantage and traditional Medicare beneficiaries, aiming to improve health outcomes and patient experience.
The Kroger Co. (NYSE: KR) has been awarded the 2024 Platinum Bell Seal for Workplace Mental Health by Mental Health America (MHA) for the third consecutive year. This program recognizes employers who prioritize mental health in the workplace. Kroger's commitment to associate mental health and well-being was highlighted in four key areas, earning a 100% in wellness programs. The retailer offers various resources and benefits to support mental health, including the Well-Being Assistant and virtual counseling sessions.
On May 2, 2024, Kroger Co. (NYSE: KR) shared a Mother's Day gift guide to honor moms with thoughtful and convenient gift ideas. The retailer aims to make Mother's Day celebrations special, offering a variety of gift options from brunch items to pampering products. Mike Murphy, Kroger's group vice president, highlighted the importance of honoring moms and providing ways to make the occasion memorable.
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